3 Changes to the HDB resale process you must know

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Easier and Faster Resale Transactions with New HDB Resale Portal

Buying and selling an HDB resale flat will soon be easier and faster with the introduction of the new HDB Resale Portal. As announced at MND’s Committee of Supply in March 2017, this is part of HDB’s continuous efforts to streamline its resale process, reduce transaction time and provide added convenience to flat buyers and sellers, under the initiatives of the Real Estate Industry Transformation Map (REITM).
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How Will the New HDB Resale Portal Benefit Singaporeans?

Dying to move out of your parents’ home into a cosy HDB flat of your own? Then 2018 might be the year it happens. That’s because the new HDB Resale Portal has gone live as of 1st January.

To be fair, Singaporeans have already gotten used to using the Internet to source for and sell property.
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The HDB resale portal is officially up and running: here’s what to expect

On 1st January, the HDB resale portal was officially launched. This new website that streamlines the process of buying and selling resale flats is touted to be “one of the biggest transformations to the HDB resale market processes in decades”, and is said to bring an unparallelled amount of convenience to homeowners and flat buyers.
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New HDB resale portal to go live on Jan 1
SINGAPORE: Starting from Monday (Jan 1), all new resale transactions would have to be submitted through a new Housing and Development Board (HDB) resale portal.
The portal, which goes live at 1pm, could see the time taken to complete a resale transaction cut by half. Currently, a resale transaction takes about 16 weeks and requires two appointments with HDB.
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How will the new HDB resale portal shape Singapore’s property scene?

Singapore is fast becoming the home of disruption. Fintech disruption, car share disruption, train service disruption, etc. Now, even government entities like HDB are joining the game, with the launch of the new HDB resale portal. Will this be the end of property agents, or does it merely signal 37 confused attempts to remember your Singpass, before you give up trying to use it?
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Smoother transactions with HDB resale portal

The HDB resale portal – a site that streamlines the buying and selling of resale flats – is being launched today, marking one of the biggest transformations to the HDB resale market processes in decades.
All flat sellers and buyers must switch to submitting their resale applications on the portal, which can be found on the HDB InfoWeb at www.hdb.gov.sg. They can log in using their SingPass.
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HDB resale process goes digital with new portal launch on Jan 1

To ease the transition, HDB is deploying a team to man a dedicated customer service line and a helpdesk at HDB Hub. In addition, there will be a HDB customer relations manager assigned after a resale application is accepted. The public could also attend seminars to learn about the resale transaction process.
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